State Board of Administration of Florida Retirement System decreased its stake in HCA Holdings, Inc. (NYSE:HCA) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,021 shares of the company’s stock after selling 3,210 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.12% of HCA Holdings worth $35,897,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of HCA. Janney Montgomery Scott LLC boosted its stake in HCA Holdings by 0.4% during the second quarter. Janney Montgomery Scott LLC now owns 3,174 shares of the company’s stock valued at $277,000 after buying an additional 14 shares during the last quarter. Advisor Partners LLC lifted its stake in shares of HCA Holdings by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 4,732 shares of the company’s stock valued at $413,000 after purchasing an additional 14 shares during the last quarter. Wetherby Asset Management Inc. lifted its stake in shares of HCA Holdings by 0.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,232 shares of the company’s stock valued at $369,000 after purchasing an additional 25 shares during the last quarter. Argent Capital Management LLC lifted its stake in shares of HCA Holdings by 1.2% in the 2nd quarter. Argent Capital Management LLC now owns 4,370 shares of the company’s stock valued at $381,000 after purchasing an additional 50 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its stake in shares of HCA Holdings by 1.5% in the 2nd quarter. Wedbush Securities Inc. now owns 6,028 shares of the company’s stock valued at $526,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.
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In other news, SVP Victor L. Campbell sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $78.00, for a total transaction of $624,000.00. Following the completion of the transaction, the senior vice president now directly owns 127,275 shares of the company’s stock, valued at approximately $9,927,450. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $79.87, for a total transaction of $171,720.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,300 shares of company stock valued at $963,421. Insiders own 2.90% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Piper Jaffray Companies reissued a “buy” rating and set a $92.00 price target on shares of HCA Holdings in a research note on Wednesday, October 4th. Jefferies Group LLC decreased their price target on HCA Holdings from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. ValuEngine upgraded HCA Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. KeyCorp restated a “buy” rating and set a $95.00 target price on shares of HCA Holdings in a research note on Thursday, September 7th. Finally, BidaskClub cut HCA Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $89.95.
Shares of HCA Holdings, Inc. (NYSE HCA) traded down $0.75 on Wednesday, hitting $75.30. 249,761 shares of the stock traded hands, compared to its average volume of 2,273,521. HCA Holdings, Inc. has a twelve month low of $69.18 and a twelve month high of $91.03. The firm has a market capitalization of $27,513.42, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.14 and a beta of 0.50. The company has a quick ratio of 1.41, a current ratio of 1.68 and a debt-to-equity ratio of -6.46.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.21. The firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.70 billion. HCA Holdings had a net margin of 6.13% and a negative return on equity of 47.16%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 earnings per share. sell-side analysts forecast that HCA Holdings, Inc. will post 6.55 earnings per share for the current fiscal year.
HCA Holdings announced that its board has approved a stock buyback program on Tuesday, October 31st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
About HCA Holdings
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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